This paper investigates the effects of the COVID-19 pandemic on
reward-based crowdfunding campaigns. Using data from the Kickstarter platform,
I compare the number and success rates of the reward-based crowdfunding
campaigns before and during the pandemic, for 16 different sectors. I find that
the number of campaigns generally reduced during the pandemic period, but their
success rates increased. I also find that the success rate differences are
statistically significant for 6 out of the 16 sectors, and that this difference
is positive for all 6 sectors, showing a robust result of better performance in
terms of success rates.
JEL classification numbers: G30, M20.
crowdfunding, COVID-19, success factors.